Innovation is a journey that is full of challenges. It is demanding, but we need to keep inspirational aspects in mind, such as the ones President Kennedy expressed in his predestinated “sticky” (Heath and Heath, 2007) speech in 1962 about sending a man to the moon. Since the seminal works of Schumpeter (1934), innovation has been widely acknowledged as a key driver of competitiveness, economic growth and welfare. There is a wealth of empirical evidence supporting a positive relationship between innovation and firm-level performance in the academic literature (e.g. Crépon et al., 1998; Griffith et al., 2006; Lööf and Heshmati, 2002). At firm level, innovation has long been recognized as a competitive advantage and a key driver of economic performance (Schumpeter, 1934). Innovation also lies at the very heart of policy mechanisms to achieve a smart, inclusive and sustainable growth in economies, as envisioned by the Europe 2020 strategy (European Commission, 2013).
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).